Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Manhattan Associates, Inc. (NASDAQ: MANH) closed the day trading at $206.32 down -10.54% from the previous closing price of $230.63. In other words, the price has decreased by -$10.54 from its previous closing price. On the day, 1.47 million shares were traded. MANH stock price reached its highest trading level at $217.97 during the session, while it also had its lowest trading level at $205.175.
Ratios:
For a better understanding of MANH, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 61.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 53.86. For the most recent quarter (mrq), Quick Ratio is recorded 1.28 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.22.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on March 13, 2024, initiated with a Neutral rating and assigned the stock a target price of $260.
On April 11, 2023, Rosenblatt Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $150.
On February 22, 2023, DA Davidson started tracking the stock assigning a Neutral rating and target price of $145.DA Davidson initiated its Neutral rating on February 22, 2023, with a $145 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 06 ’24 when Richards Bruce sold 4,000 shares for $255.67 per share. The transaction valued at 1,022,682 led to the insider holds 30,236 shares of the business.
Gantt James Stewart sold 4,000 shares of MANH for $1,003,142 on Mar 05 ’24. The EVP, Professional Services now owns 52,287 shares after completing the transaction at $250.79 per share. On Feb 29 ’24, another insider, Capel Eddie, who serves as the President & CEO of the company, sold 5,902 shares for $251.71 each. As a result, the insider received 1,485,599 and left with 193,089 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MANH now has a Market Capitalization of 14205317120 and an Enterprise Value of 12462480384. As of this moment, Manhattan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 67.28, and their Forward P/E ratio for the next fiscal year is 46.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.20 while its Price-to-Book (P/B) ratio in mrq is 53.02. Its current Enterprise Value per Revenue stands at 12.951 whereas that against EBITDA is 55.099.
Stock Price History:
The Beta on a monthly basis for MANH is 1.42, which has changed by 0.22343457 over the last 52 weeks, in comparison to a change of 0.22640884 over the same period for the S&P500. Over the past 52 weeks, MANH has reached a high of $266.94, while it has fallen to a 52-week low of $152.32. The 50-Day Moving Average of the stock is -16.10%, while the 200-Day Moving Average is calculated to be -4.92%.
Shares Statistics:
Over the past 3-months, MANH traded about 381.27K shares per day on average, while over the past 10 days, MANH traded about 507380 shares per day. A total of 61.57M shares are outstanding, with a floating share count of 60.78M. Insiders hold about 1.28% of the company’s shares, while institutions hold 100.59% stake in the company. Shares short for MANH as of 1711584000 were 1165607 with a Short Ratio of 3.06, compared to 1709164800 on 978323. Therefore, it implies a Short% of Shares Outstanding of 1165607 and a Short% of Float of 2.4500001.
Earnings Estimates
At present, 8.0 analysts are actively evaluating the performance of Manhattan Associates, Inc. (MANH) in the stock market.On average, analysts expect EPS of $0.93 for the current quarter, with a high estimate of $0.96 and a low estimate of $0.91, while EPS last year was $0.88. The consensus estimate for the next quarter is $1.01, with high estimates of $1.05 and low estimates of $0.97.
Analysts are recommending an EPS of between $3.86 and $3.7 for the fiscal current year, implying an average EPS of $3.77. EPS for the following year is $4.36, with 9.0 analysts recommending between $4.79 and $4.15.
Revenue Estimates
8 analysts predict $255.21M in revenue for the current quarter. It ranges from a high estimate of $255.7M to a low estimate of $254.6M. As of the current estimate, Manhattan Associates, Inc.’s year-ago sales were $231.02MFor the next quarter, 8 analysts are estimating revenue of $264.14M. There is a high estimate of $265.5M for the next quarter, whereas the lowest estimate is $263M.
A total of 9 analysts have provided revenue estimates for MANH’s current fiscal year. The highest revenue estimate was $1.04B, while the lowest revenue estimate was $1.02B, resulting in an average revenue estimate of $1.02B. In the same quarter a year ago, actual revenue was $928.73MBased on 9 analysts’ estimates, the company’s revenue will be $1.15B in the next fiscal year. The high estimate is $1.16B and the low estimate is $1.13B.
